Bank Of Commerce And Trust Company Mortgage Rates, Fees & Info
Wellington, KSLEI: 549300HO7BEGRS02VS53
Tax ID: 48-0347860
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Mortgage Data
Review & Overview
Bank Of Commerce And Trust Company is a smaller bank specializing in Home Purchase and Cash Out Refi loans. Bank Of Commerce And Trust Company has a high proportion of conventional loans. Their top two markets are Wichita and Winfield .Bank Of Commerce And Trust Company has an above average approval rate when compared to the average across all lenders.
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Originations
45Origination Dollar Volume (All Markets)
$3,305,000Top Markets
Zoom/scroll map to see bank's per metro statistics. Subscribers can configure state/metro/county granularity, assorted fields and quantity of results. This map shows top 10 markets in the map viewport, as defined by descending origination volume.
| Market | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| WICHITA, KS (FHA|USDA|VA) | 41 | $2,865,000 | $69,878 | $0 | 0.00% |
| Winfield, KS (FHA|USDA|VA) | 2 | $290,000 | $145,000 | $0 | 0.00% |
| Outside of Metro Areas | 2 | $150,000 | $75,000 | $0 | 0.00% |
Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Conventional | 45 | $3,305,000 | $73,444 | $0 | 0.00% |
For 2018, Bank Of Commerce And Trust Company's most frequently originated type of loan was Conventional, with 45 originations.
Loan Reason
For 2018, Bank Of Commerce And Trust Company's most frequently cited loan purpose was Home Purchase, with 19 originations. The 2nd most popular reason was Cash Out Refi, with 14 originations.
Loan Duration/Length
| Loan Length | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Other | 45 | $3,305,000 | $73,444 | $0 | 0.00% |
For 2018, Bank Of Commerce And Trust Company's most frequently cited loan duration was Other, with 45 originations.
Loan Sizing
2018 saw Bank Of Commerce And Trust Company place emphasis on $100,000 or less loans with 36 originations, totaling $1,470,000 in origination value.
Applicant Income
Bank Of Commerce And Trust Company lent most frequently to those with incomes in the $50k or less range, with 10 originations. The second most popular income band? $50k-75k, with 8 originations.
Applicant Debt to Income Ratio
| DTI Ratio | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Exempt% | 45 | $3,305,000 | $73,444 | $0 | 0.00% |
Bank Of Commerce And Trust Company lent most frequently to those with DTI ratios of Exempt%, with 45 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications95.74%
Bank Of Commerce And Trust Company has an exceptionally high approval rate. They either target their audience very well or may have lax underwriting protocols.
Pick Rate
Approvals leading to originationPoints and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| Exempt | 45 | $3,305,000 | $73,444 |
Occupancy Type Mix
| Dwelling Type | Originations | Total Value | Average Loan |
|---|---|---|---|
| Single Family (1-4 Units):Manufactured | 1 | $45,000 | $45,000 |
| Single Family (1-4 Units):Site-Built | 44 | $3,260,000 | $74,091 |
Complaints
| Bank Name | Product | Issue | 2018 CPFB Complaints | % of Total Issues |
|---|---|---|---|---|
| BANK OF THE WEST | FHA mortgage | Closing on a mortgage | 1 | 3.7% |
| BANK OF THE WEST | Conventional home mortgage | Trouble during payment process | 1 | 3.7% |
| BANK OF THE WEST | Conventional home mortgage | Struggling to pay mortgage | 1 | 3.7% |
| BANK OF THE WEST | Conventional home mortgage | Closing on a mortgage | 2 | 7.4% |
| BANK OF THE WEST | Conventional home mortgage | Applying for a mortgage or refinancing an existing mortgage | 4 | 14.8% |
| BANK OF THE WEST | Home equity loan or line of credit (HELOC) | Incorrect information on your report | 2 | 7.4% |
| BANK OF THE WEST | Home equity loan or line of credit (HELOC) | Closing on a mortgage | 1 | 3.7% |
| BANK OF THE WEST | Home equity loan or line of credit (HELOC) | Applying for a mortgage or refinancing an existing mortgage | 4 | 14.8% |
| BANK OF THE WEST | VA mortgage | Applying for a mortgage or refinancing an existing mortgage | 1 | 3.7% |
| BANK OF THE WEST | Other type of mortgage | Trouble during payment process | 3 | 11.1% |
| BANK OF THE WEST | Other type of mortgage | Applying for a mortgage or refinancing an existing mortgage | 1 | 3.7% |
| BANK OF THE WEST | Home equity loan or line of credit (HELOC) | Trouble during payment process | 5 | 18.5% |
| BANK OF THE WEST | Home equity loan or line of credit (HELOC) | Struggling to pay mortgage | 1 | 3.7% |